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Tesla Inc. Date Description Debit ($) Credit ($) 2025-04-20 Purchased Equipment (paid in cash) 30,000 2025-04-25 Utility Expenses Paid 4,500 2025-04-28 Loan Received 70,000 2025-04-30

Tesla Inc.

Date

Description

Debit ($)

Credit ($)

2025-04-20

Purchased Equipment (paid in cash)

30,000


2025-04-25

Utility Expenses Paid

4,500


2025-04-28

Loan Received

70,000


2025-04-30

Interest on Loan

2,000


Requirements:

  1. Record the journal entries for the transactions of Tesla Inc.
  2. Post the transactions to the ledger accounts.
  3. Prepare a trial balance as of April 30, 2025.
  4. Prepare the income statement and balance sheet for the month ended April 30, 2025.

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